China-Nepal-India Economic Corridor to promote regional development

Li Shuyu,Liang Daitong&Ren Mingzhe

On August.1 1955, Nepal formally established diplomatic relations with the People’s Republic of China, and Sino-Nepal relations have entered a new stage. During his meeting with Chinese President Xi Jinping on June 20, 2018, Nepalese Prime Minister KP Sharma Oli also expressed his willingness to cooperate with China to promote Nepal's development and actively participate in the construction of "Belt and Road." Because Nepal is Qinghai-Tibet plateau’s only road to India, South Asia, it is of high value strategically. Therefore, China has always regarded Nepal as a vital partner, and wants to connect China's "BRI" with India's "Bhutan-Bangladesh-India-Nepal Unicom" through developing friendly relations with Nepal to connect South Asia. This action will promote Sino-India relations, as a result, it will promote India-Pakistan relations and achieve peace in the South Asia.

The main contents of the China-Nepal-India economic corridor’s construction can follow the construction model of the Bangladesh-China-India-Myanmar Economic Corridor, adhere to the overall promotion model, and it should adhere to the principle of co-consultation, co-construction and sharing on the basis of equality. In light of the current situation and needs of many countries, we should actively give full play to the initiative of all parties and seek common ground in each other's interests. The reason for this construction is that Bangladesh, Myanmar, India and Nepal are located in Southern Asia, with similar geographical position and level of development. The economic corridor between Bangladesh, India, Myanmar and Pakistan has proved to be a promising vision for success. In terms of the specific contents of the construction of the economic corridor, the China-Nepal-India economic corridor should be built mainly from the aspects of energy development and cooperation, transportation infrastructure construction, tourism, etc. Further enhancing the level of regional economic cooperation to promote common development. The author believes that the contents of the China-Nepal-India economic corridor are as follows:

First, energy development and cooperation: Nepal has rich resources, China has sufficient funds and advanced technology, India has a huge market, so the three countries have a common interest in the development of hydropower resources.

Second, transport infrastructure: As a Chinese saying goes well, "if you want be rich, you have to build roads." China's economic achievements in recent years are inextricably linked to the improvement of transportation. Therefore, it is necessary to build a railway from Tibet to Nepal, and the two countries should work together to persuade India to support the extension of the Sino- Nepalese railway into the northeastern area of India, so as to truly realize the connectivity of the three countries.Third, tourism cooperation: Tibet, Nepal and the northern part of India all have rich cultural tourism resources, but because the related infrastructure of tourism is relatively backward and the propaganda of scenic spots is not enough, there are a few tourists. Therefore, in the course of the construction of the China-Nepal-India economic corridor, we should integrate the tourist resources of the three places, improve the related infrastructure of tourism, and create an attractive golden tourist route to attract tourists from all over the world.To promote the economic development of the region in order to gain the support of the people of the region for the construction of economic corridors.

On Construction of the China-Nepal-India Economic Corridor, the three countries should strengthen communication and coordination, seek the common interests and give play to their respective strengths so that the construction of the corridor can be implemented. The China-Nepal-India Economic Corridor is of great strategic significance to the three countries, helping to link East Asia, where China is located, and South Asia, where India and Nepal are located. This is of great significance to peace, stability and development cooperation in Asia. This will also raise Nepal's level of development, promote economic development, raise the living standards of the people, further develop the friendly relations among China, Nepal and India, and reduce dependence on foreign aid to achieve their own independent development.

China is not actively promoting "BRI" in South Asia to expand its sphere of influence. It should be pointed out here that China has no such ambition. The purpose of China's implementation of "BRI" is to promote the common development of all countries and to build a common community of human destinies. South Asia shares a border with China's Tibet, and neighboring countries are the top priorities of China's diplomacy. Nepal and India are both important neighbors of China, so in order to promote the common development of the three countries, achieve win-win, and connect with the Himalayan region, the construction of The China-Nepal-India Economic Corridor is imperative. Nepallies between China and India. Because of the internal political instability, natural disasters and other reasons, Nepal has (become a backward country, and has been listed as one of the least developed countries in the world by the United Nations. Although Nepal's economic development has improved in recent years, there is still a big gap compared with its neighbors such as China and India. Therefore, in this context, how to improve the pace of economy has become the first task of Nepal. It can be predicted that with the joint efforts of the people of the three countries, the China-Nepal-India Economic Corridor will surely usher in a bright future.

(Li Shuyu, Liang Daitong & Ren Mingzhe are Scholars of Yunnan University)

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